SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 25, 2002
BOA
(Depositor)
(Issuer in respect of Mortgage Pass-Through Certificates, Series 2001-8)
(Exact name of registrant as specified in charter)
North Carolina 333-80941 13-4147977/78
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
100 N. Tryon St., Charlotte, NC 28255
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: 704-388-5770
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 5. Other Events
BOA
Mortgage Pass-Through Certificates
Series 2001-8
On February 25, 2002, The Bank of New York, as Trustee for BOA, Mortgage
Pass-Through Certificates Series 2001-8, made a monthly distribution to
Certificate holders of principal and/or interest pursuant to the Pooling and
Servicing Agreement, dated as of July 1, 2001, among BOA as Depositor, Bank of
America Mortgage Securities, Inc., Seller and Master Servicer and The Bank of
New York, as Trustee.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
99 Report to Holders of BOA, Mortgage Pass-Through Certificates
Series 2001-8 relating to the distribution date of February
25, 2002 prepared by The Bank of New York, as Trustee under
the Pooling and Servicing Agreement dated as of July 1,
2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: February 25, 2002
BOA
By: /s/ Brian Morro
------------------------------
Name: Brian Morro
Assistant Treasurer
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated February 25, 2002
Payment Date: 02/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
Senior A1 245,982,230.86 6.750000% 6,828,456.46 1,383,650.05 8,212,106.51 0.00 0.00
A2 74,532,783.28 6.750000% 1,821,880.05 419,246.91 2,241,126.95 0.00 0.00
A3 70,000,000.00 6.750000% 0.00 393,750.00 393,750.00 0.00 0.00
A4 8,331,000.00 6.750000% 0.00 46,861.88 46,861.88 0.00 0.00
A5 12,954,742.23 6.750000% 0.00 0.00 0.00 0.00 0.00
A6 9,571,257.77 6.750000% 72,870.43 53,838.32 126,708.75 0.00 0.00
A7 24,850,360.88 6.000000% 162,720.80 124,251.80 286,972.60 0.00 0.00
A8 34,912,272.67 2.610000% 2,357,855.75 75,934.19 2,433,789.94 0.00 0.00
A9 9,051,330.34 22.718571% 611,295.96 171,361.08 782,657.04 0.00 0.00
A10 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
A11 2,140,000.00 6.750000% 0.00 12,037.50 12,037.50 0.00 0.00
A12 1,450,000.00 6.750000% 0.00 8,156.25 8,156.25 0.00 0.00
A13 2,213,000.00 6.750000% 0.00 12,448.13 12,448.13 0.00 0.00
A14 9,474,000.00 6.750000% 0.00 53,291.25 53,291.25 0.00 0.00
A15 32,398,214.32 5.750000% 377,102.20 155,241.44 532,343.64 0.00 0.00
A16 10,190,000.00 6.500000% 0.00 55,195.83 55,195.83 0.00 0.00
A17 15,002,000.00 6.750000% 0.00 84,386.25 84,386.25 0.00 0.00
A18 7,938,294.07 6.750000% 0.00 44,652.90 44,652.90 0.00 0.00
A19 72,000,000.00 6.750000% 0.00 405,000.00 405,000.00 0.00 0.00
Residual AR 0.00 6.750000% 0.00 0.10 0.10 0.00 0.00
ALR 0.00 6.750000% 0.00 0.00 0.00 0.00 0.00
2A1 251,336,503.37 6.500000% 7,104,026.53 1,361,406.06 8,465,432.59 0.00 0.00
3A1 110,389,117.94 6.750000% 3,899,451.71 620,938.79 4,520,390.50 0.00 0.00
3A2 9,027,777.82 6.750000% 0.00 0.00 0.00 0.00 0.00
3A3 14,500,000.00 6.750000% 0.00 81,562.50 81,562.50 0.00 0.00
APO 3,291,392.05 0.000000% 4,917.36 0.00 4,917.36 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,204,437.76 6.750000% 10,227.95 68,649.96 78,877.92 0.00 0.00
B2 5,384,720.54 6.750000% 4,512.68 30,289.05 34,801.73 0.00 0.00
B3 2,871,983.64 6.750000% 2,406.87 16,154.91 18,561.78 0.00 0.00
B4 1,795,238.56 6.750000% 1,504.50 10,098.22 11,602.72 0.00 0.00
B5 1,435,991.82 6.750000% 1,203.44 8,077.45 9,280.89 0.00 0.00
B6 1,435,976.95 6.750000% 1,203.42 8,077.37 9,280.79 0.00 0.00
2B1 1,936,897.45 6.500000% 6,727.42 10,491.53 17,218.95 0.00 0.00
2B2 1,042,944.78 6.500000% 3,622.46 5,649.28 9,271.74 0.00 0.00
2B3 595,968.45 6.500000% 2,069.97 3,228.16 5,298.14 0.00 0.00
2B4 297,984.22 6.500000% 1,034.99 1,614.08 2,649.07 0.00 0.00
2B5 297,984.22 6.500000% 1,034.99 1,614.08 2,649.07 0.00 0.00
2B6 298,676.96 6.500000% 1,037.38 1,617.83 2,655.21 0.00 0.00
3B1 2,828,111.10 6.750000% 2,379.69 15,908.12 18,287.81 0.00 0.00
3B2 798,080.61 6.750000% 671.54 4,489.20 5,160.74 0.00 0.00
3B3 435,859.49 6.750000% 366.75 2,451.71 2,818.46 0.00 0.00
3B4 435,859.49 6.750000% 366.75 2,451.71 2,818.46 0.00 0.00
3B5 290,572.99 6.750000% 244.50 1,634.47 1,878.97 0.00 0.00
3B6 290,819.72 6.750000% 244.71 1,635.86 1,880.57 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 1,058,276,092.29 - 23,281,437.24 5,757,344.25 29,038,781.49 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 239,153,774.40 0.00
A2 72,710,903.24 0.00
A3 70,000,000.00 0.00
A4 8,331,000.00 0.00
A5 13,027,612.66 0.00
A6 9,498,387.34 0.00
A7 24,687,640.08 0.00
A8 32,554,416.92 0.00
A9 8,440,034.38 0.00
A10 0.00 0.00
A11 2,140,000.00 0.00
A12 1,450,000.00 0.00
A13 2,213,000.00 0.00
A14 9,474,000.00 0.00
A15 32,021,112.12 0.00
A16 10,190,000.00 0.00
A17 15,002,000.00 0.00
A18 7,864,346.99 0.00
A19 72,000,000.00 0.00
Residual AR 0.00 0.00
ALR 0.00 0.00
2A1 244,232,476.84 0.00
3A1 106,489,666.23 0.00
3A2 9,078,559.07 0.00
3A3 14,500,000.00 0.00
APO 3,286,474.69 0.00
- --------------------------------------------------------------------------------
Subordinate B1 12,194,209.81 0.00
B2 5,380,207.87 0.00
B3 2,869,576.77 0.00
B4 1,793,734.06 0.00
B5 1,434,788.38 0.00
B6 1,434,773.53 0.00
2B1 1,930,170.03 0.00
2B2 1,039,322.32 0.00
2B3 593,898.47 0.00
2B4 296,949.24 0.00
2B5 296,949.24 0.00
2B6 297,639.58 0.00
3B1 2,825,731.42 0.00
3B2 797,409.08 0.00
3B3 435,492.74 0.00
3B4 435,492.74 0.00
3B5 290,328.49 0.00
3B6 290,575.01 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 1,035,118,306.72 -
- --------------------------------------------------------------------------------
Payment Date: 02/25/02
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
Class Information Current Payment Information
Factors per $1,000
- ------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Senior A1 245,982,230.86 6.750000% 060506P22 24.488622 4.962129 857.667691
A2 74,532,783.28 6.750000% 060506P30 21.871309 5.032976 872.879991
A3 70,000,000.00 6.750000% 060506P48 0.000000 5.625000 1,000.000000
A4 8,331,000.00 6.750000% 060506P55 0.000000 5.625000 1,000.000000
A5 12,954,742.23 6.750000% 060506P63 0.000000 0.000000 1,040.045718
A6 9,571,257.77 6.750000% 060506P71 7.287043 5.383832 949.838734
A7 24,850,360.88 6.000000% 060506P89 6.508832 4.970072 987.505603
A8 34,912,272.67 2.610000% 060506P97 50.395501 1.622975 695.800046
A9 9,051,330.34 22.718571% 060506Q21 50.395501 14.127081 695.800046
A10 0.00 6.750000% 060506Q39 0.000000 0.000000 0.000000
A11 2,140,000.00 6.750000% 060506Q47 0.000000 5.625000 1,000.000000
A12 1,450,000.00 6.750000% 060506Q54 0.000000 5.625000 1,000.000000
A13 2,213,000.00 6.750000% 060506Q62 0.000000 5.625000 1,000.000000
A14 9,474,000.00 6.750000% 060506Q70 0.000000 5.625000 1,000.000000
A15 32,398,214.32 5.750000% 060506Q88 11.516329 4.740921 977.893178
A16 10,190,000.00 6.500000% 060506Q96 0.000000 5.416667 1,000.000000
A17 15,002,000.00 6.750000% 060506R20 0.000000 5.625000 1,000.000000
A18 7,938,294.07 6.750000% 060506R38 0.000000 5.577224 982.270450
A19 72,000,000.00 6.750000% 060506R46 0.000000 5.625000 1,000.000000
Residual AR 0.00 6.750000% 060506R53 0.000000 2.008942 0.000000
ALR 0.00 6.750000% 060506R61 0.000000 0.000000 0.000000
2A1 251,336,503.37 6.500000% 060506R79 23.773598 4.555940 817.323060
3A1 110,389,117.94 6.750000% 060506R87 33.309003 5.304041 909.631638
3A2 9,027,777.82 6.750000% 060506R95 0.000000 0.000000 1,040.045718
3A3 14,500,000.00 6.750000% 060506S29 0.000000 5.625000 1,000.000000
APO 3,291,392.05 0.000000% 060506S37 1.457860 0.000000 974.348604
- ------------------------------------------------------------------------------------------------------------------------
Subordinate B1 12,204,437.76 6.750000% 060506S45 0.833982 5.597681 994.309345
B2 5,384,720.54 6.750000% 060506S52 0.833982 5.597681 994.309345
B3 2,871,983.64 6.750000% 060506S60 0.833982 5.597681 994.309345
B4 1,795,238.56 6.750000% 060506T51 0.833982 5.597681 994.309345
B5 1,435,991.82 6.750000% 060506T69 0.833982 5.597681 994.309345
B6 1,435,976.95 6.750000% 060506T77 0.833982 5.597681 994.309345
2B1 1,936,897.45 6.500000% 060506S78 3.404564 5.309478 976.806696
2B2 1,042,944.78 6.500000% 060506S86 3.404564 5.309478 976.806696
2B3 595,968.45 6.500000% 060506S94 3.404564 5.309478 976.806696
2B4 297,984.22 6.500000% 060506T85 3.404564 5.309478 976.806696
2B5 297,984.22 6.500000% 060506T93 3.404564 5.309478 976.806696
2B6 298,676.96 6.500000% 060506U26 3.404516 5.309480 976.807130
3B1 2,828,111.10 6.750000% 060506T28 0.837328 5.597511 994.275657
3B2 798,080.61 6.750000% 060506T36 0.837328 5.597511 994.275657
3B3 435,859.49 6.750000% 060506T44 0.837328 5.597511 994.275657
3B4 435,859.49 6.750000% 060506U34 0.837328 5.597511 994.275657
3B5 290,572.99 6.750000% 060506U42 0.837328 5.597511 994.275657
3B6 290,819.72 6.750000% 060506U59 0.837328 5.597511 994.275814
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Totals - - 1,058,276,092.29 - - - - -
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------
Bank of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates, Series 2001-8
Bank of America, NA, Master Servicer
------------------------------------------------------------
- --------------------------------------------------------------------------------
COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 650,492,351.52 249,145,476.87 135,480,478.49 1,035,118,306.88
Loan count 1584 563 324 2471
Avg loan rate 7.228320% 6.947257% 7.232948% 7.16
Prepay amount 11,627,746.10 6,231,079.53 3,736,040.52 21,594,866.15
- --------------------------------------------------------------------------------
FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 245,415.63 53,136.06 50,855.88 349,407.57
Sub servicer fees 0.00 0.00 0.00 0.00
Trustee fees 1,104.46 427.11 232.22 1,763.79
Agg advances N/A N/A N/A N/A
Adv this period 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------
LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00 0.00 0.00
Cumulative losses 0.00 0.00 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00 0.00 0.00
Fraud 7,213,603.79 3,038,703.84 1,457,422.73 11,709,730.36
Special Hazard 7,213,603.79 7,213,603.79 7,213,603.79 21,640,811.37
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 96.726886% 100.000000% 1,023,597,983.53
-----------------------------------------------------------------------------
Junior 3.273114% 0.000000% 34,637,248.76
-----------------------------------------------------------------------------
- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 10 4,042,583.49
60 to 89 days 3 1,157,146.62
90 or more 1 322,883.64
Foreclosure 1 623,812.39
Totals: 15 6,146,426.14
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 0.00
Current Total Outstanding Number of Loans: 0
- --------------------------------------------------------------------------------
OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 29,038,781.49 29,038,781.49
Principal remittance amount 23,281,437.24 23,281,437.24
Interest remittance amount 5,757,344.25 5,757,344.25